12:20 pm – Subcommittee recessed.  More to come @4TaxFairness and online at AmericansForTaxFairness.org 12:07 pm – KEY EXCHANGE: –McCain: Do you have an unfair advantage compared to smaller domestic companies? –Cook: No that’s not how we view it.  We pay a 35% rate in the US. We do have a low tax rate outside the [...]

MEDIA CONFERENCE CALL TODAY, MONDAY, MAY 20, 12:30 PM ET  TAX POLICY EXPERTS TO HOLD MEDIA CONFERENCE CALL TODAY AHEAD OF U.S. SENATE HEARING ON APPLE’S TAX AVOIDANCE; NEW REPORT TO BE ISSUED ON APPLE’S USE OF OFFSHORE TAX HAVENS  Experts will discuss options for ending offshore tax haven abuse before expected testimony by Apple CEO Tim Cook on [...]

APPLE IS A BAD APPLE WHEN IT COMES TO PAYING ITS TAXES The Apple Corporation wants lawmakers in Washington to once again grant a repatriation tax holiday – this time for up to $1.7 trillion in profits that multinational corporations are holding offshore. Federal law allows corporations to “defer” paying U.S. income taxes on these [...]

Late last week, Senator Max Baucus and Rep Dave Camp, the leaders of the two Congressional tax writing committees, launched taxreform.gov and began collecting comments on the tax reform process from the public.  Here at ATF, we wanted to make sure that respondents would leave messages supporting the closure of corporate tax loopholes, higher tax [...]